Ring Energy (REI) Reports In-Line Q4 EPS
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Ring Energy Announces Financial and Operational Results for Fourth Quarter and Year End 2015
March 15, 2016 4:21 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE MKT: REI) (Ring)(Company) announced today financial results for the fourth quarter and year ended December 31, 2015.
For the fourth quarter of 2015, Ring reported revenues of $7,362,394, as compared to revenues of $9,984,982 for the fourth quarter of 2014. For the year ended December 31, 2015, the Company reported revenues of $31,013,892, as compared to $38,089,443 for the year ended December 31, 2014. For the fourth quarter of 2015, Ring reported a net loss of $7,473,046, or $0.25 per diluted share, which included a pre-tax non-cash impairment of $9,312,203. Excluding the impairment, the net loss per diluted share would have... More
